Integrated reporting as a strategy for firm growth: multiple case study in Colombia

Published on Oct 2, 2017in Meditari Accountancy Research
· DOI :10.1108/MEDAR-11-2016-0099
Hugo A. Macias1
Estimated H-index: 1
,
Angelica Farfan-Lievano1
Estimated H-index: 1
(Pontifical Xavierian University)
Abstract
Purpose The purpose of this paper is to evaluate the implementation of the integrated reporting (IR) framework in a group of Colombian enterprises. Design/methodology/approach This is a multiple-case study in six enterprises that use the IR framework. The selected enterprises, all of which were located in either Bogota or Medellin, were Argos, EEB, EPM, ISA, Nutresa and Ocensa. The authors conducted individual interviews of reporters and performed a documentary analysis. Findings The few Colombian firms that use the IR framework all have ambitious expansion goals in the medium term. The main reason for the adoption of the IR framework in these firms is that it facilitates access to resources from new foreign investors. Research limitations/implications Since the framework was published recently, only a few Colombian firms follow it, and several of them do not apply all of its components. In the future, there will be more reports and a higher level of framework application. Practical implications In the firms studied, the IR framework is an important tool to support the search strategies of new sources of financial capital. Social implications If the use of the International Integrated Reporting Council (IIRC) framework were to diminish the application of the GRI, firms would be less likely to evaluate the impact of their activities on numerous stakeholders (other than shareholders). Originality/value This is the first Colombian study of IR to include both documentary analysis and personal interviews.
  • References (43)
  • Citations (17)
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References43
Published on Aug 27, 2014in Accounting, Auditing & Accountability Journal 2.91
Koen van Bommel1
Estimated H-index: 1
(VU University Amsterdam)
Purpose - – The purpose of this paper is to examine the multiplicity of views on integrated reporting and to consider the possibility of, and impediments to, reconciling these multiple rationales (“orders of worth”) and thus gain legitimacy through a compromise. This sheds light on the understanding of integrated reporting as such, as well as shows how legitimacy struggles are resolved in practice around complex accounting practices in heterogeneous environments. Design/methodology/approach - – ...
60 Citations Source Cite
Published on Jul 19, 2007
Jeffrey Unerman24
Estimated H-index: 24
(University of Manchester),
Jan Bebbington26
Estimated H-index: 26
,
Brendan O'Dwyer24
Estimated H-index: 24
Introduction to Sustainability Accounting and Accountability Section A: Setting the Context for Sustainability Accounting and Accountability 1. Mapping the Terrain of Sustainability Accounting 2. Legitimating the Social Accounting Project: An Ethic of Accountability Section B: External Reporting of Sustainability Policies and Practices 3. Histories of and Rationales for Sustainability Reporting 4. The 'Standardization' of Sustainability Reporting 5. Stakeholder Engagement and Dialogue 6. Externa...
303 Citations
Published on Jan 1, 2011in Accounting Organizations and Society 2.08
Brendan O'Dwyer24
Estimated H-index: 24
,
David Owen18
Estimated H-index: 18
(University of Nottingham),
Jeffrey Unerman24
Estimated H-index: 24
Based on the development of a more refined conception of legitimacy than has been used in prior audit/assurance and sustainability accounting research, this paper analyses how the legitimation processes adopted by sustainability assurance practitioners in a large professional services firm have co-evolved with and impacted upon their attempts to develop this form of assurance practice - particularly the construction of assurance statements. The analysis reveals a complex and interdependent inter...
213 Citations Source Cite
Published on Oct 1, 1984
Robert K. Yin14
Estimated H-index: 14
Foreword, by Donald T. Campbell Preface 1. INTRODUCTION: How to Know Whether and When to Use Case Studies as a Research Method The Case Study as a Research Method Comparing Case Studies With Other Research Methods in the Social Sciences Different Kinds of Case Studies, But a Common Definition Summary 2. DESIGNING CASE STUDIES: Identifying Your Case(s) and Establishing the Logic of Your Case Study General Approach to Designing Case Studies Criteria for Judging the Quality of Research Designs Case...
65.1k Citations
Maxi Steyn1
Estimated H-index: 1
(University of South Africa)
Purpose – This study aims to summarise the findings of the perceptions of Chief Executive Officers (CEOs), Chief Financial Officers (CFOs) and senior executives of South African listed companies on the perceived benefits and implementation challenges as a result of implementing integrated reporting (IR) requirements, as well as motives for preparing an integrated report; it is performed two years into the South African IR regime,. South African-listed companies are among the first in the world t...
48 Citations Source Cite
Published on Nov 1, 2015in Issues in Accounting Education
Lies Bouten5
Estimated H-index: 5
,
Sophie Hoozée5
Estimated H-index: 5
ABSTRACT: Students are introduced to the concepts of sustainability reporting and the latest trend, integrated reporting, by playing the role of an active jury member on the judging panel for the Best Belgian Sustainability Report Award. Through the reporting practices of Telenet, a Belgian telecommunication company, the case demonstrates the pivotal role of materiality and completeness in assessing the quality of sustainability reporting. Moreover, by revealing that an integrated strategy is cr...
8 Citations Source Cite
Published on Aug 27, 2014in Accounting, Auditing & Accountability Journal 2.91
Axel Haller11
Estimated H-index: 11
(University of Regensburg),
Chris J. van Staden18
Estimated H-index: 18
(University of Canterbury)
Purpose - – The purpose of this paper is to contribute to the current discussions about the concept of Integrated Reporting (IR) and provides a practical and useful proposal of an instrument that could help to apply the IR concept in corporate practice. Design/methodology/approach - – The study uses a deductive normative research approach. Findings - – Based on a comprehensive review of international literature and research, the paper argues that a structured presentation of the traditional meas...
46 Citations Source Cite
Published on Apr 1, 2013in Journal of Cleaner Production 5.65
José V. Frias-Aceituno6
Estimated H-index: 6
(University of Granada),
Lázaro Rodríguez-Ariza12
Estimated H-index: 12
(University of Granada),
Isabel-María García-Sánchez29
Estimated H-index: 29
(University of Salamanca)
Abstract In recent years, companies' responsibilities towards society have expanded significantly, and former business models have been revised in line with a more pluralist approach, which takes stakeholders, sustainability, business ethics and transparency into account. These considerations are increasingly reflected in corporate sustainability reporting, i.e., statements reflecting the impact of business practices related to economic, environmental and social perspectives. However, the data c...
89 Citations Source Cite
Published on Aug 27, 2014in Accounting, Auditing & Accountability Journal 2.91
Charl de Villiers20
Estimated H-index: 20
(University of Waikato),
Leonardo Rinaldi3
Estimated H-index: 3
(Royal Holloway, University of London),
Jeffrey Unerman24
Estimated H-index: 24
(Royal Holloway, University of London)
Purpose – The purpose of this paper is to synthesise insights from accounting and accountability research into the rapidly emerging field of integrated reporting and proposes a comprehensive agenda for future research in this area. In so doing, it draws upon insights from other papers in this special issue of Accounting, Auditing and Accountability Journal on the theme of integrated reporting. Design/methodology/approach – The paper draws upon and synthesises academic analysis and insights provi...
173 Citations Source Cite
Published on Oct 7, 2014in European Business Review
Maria Alejandra Gonzalez-Perez5
Estimated H-index: 5
(EAFIT University),
Juan Velez-Ocampo1
Estimated H-index: 1
(EAFIT University)
Purpose – This paper aims to provide an examination of the ongoing internationalisation processes undertaken by 30 major multinational Colombian-owned firms. It also presents a theoretical overview and a conceptual framework for the understanding of internationalisation patterns from emerging countries’ multinational enterprises. Design/methodology/approach – This study is built based both on the results collected from comparative case studies based in the literature and empirical observations o...
12 Citations Source Cite
Cited By17
Published on Oct 2, 2017in Meditari Accountancy Research
Charl de Villiers20
Estimated H-index: 20
(University of Auckland),
Pei-Chi Kelly Hsiao2
Estimated H-index: 2
(Saint Petersburg State University),
Warren Maroun12
Estimated H-index: 12
(University of the Witwatersrand)
Purpose This paper aims to develop a conceptual model for examining the development of integrated reporting, relate the articles in this Meditari Accountancy Research special issue on integrated reporting to the model and identify areas for future research. Design/methodology/approach The paper uses a narrative/discursive style to summarise key findings from the articles in the special issue and develop a normative research agenda. Findings The findings of the prior literature, as well as the ar...
29 Citations Source Cite
Published on Apr 21, 2018in Organization & Environment 5.05
Daniela Argento4
Estimated H-index: 4
(Kristianstad University College),
Francesca Culasso4
Estimated H-index: 4
(University of Turin),
Elisa Truant3
Estimated H-index: 3
(University of Turin)
This article aims to explore how an individual actor, embodying the role of the institutional entrepreneur, legitimizes new corporate reporting practices. This study is based on a longitudinal and explanatory case study of an Italian listed public utility, operating in the electricity sector, which has recently implemented Integrated Reporting. Findings were analysed through the lens of institutional entrepreneurship, revealing that Integrated Reporting can be implemented through the legitimizin...
1 Citations Source Cite
Published on May 1, 2018in Accounting and Finance 1.54
Subhash Abhayawansa11
Estimated H-index: 11
(Swinburne University of Technology),
Evangeline Elijido-Ten6
Estimated H-index: 6
(Swinburne University of Technology),
John Dumay25
Estimated H-index: 25
(Macquarie University)
2 Citations Source Cite
Published on May 16, 2018in Sustainability 2.08
Jaime-Andres Correa-Garcia1
Estimated H-index: 1
,
Maria-Antonia Garcia-Benau1
Estimated H-index: 1
,
Emma Garcia-Meca1
Estimated H-index: 1
The aim of this paper is to assess stakeholder orientation and corporate social responsibility (CSR) communication strategies in the business groups (BGs) of an emerging economy by means of content analysis. We worked with 30 non-financial BGs taken from the Colombian Stock Exchange. The study uses as its unit of analysis corporate reports that have been classified into four categories: annual reports (ARs), sustainability reports (SRs), combined reports (CRs), and integrated reports (IRs). The ...
4 Citations Source Cite
Published on Jun 4, 2018in Meditari Accountancy Research
Merve Kılıç6
Estimated H-index: 6
,
Cemil Kuzey11
Estimated H-index: 11
(Murray State University)
Purpose This paper aims to investigate the adherence level of current company reports to the International Integrated Reporting Council (IIRC) integrated reporting framework through analysis of whether and to what extent those reports include the content elements of this framework. This study also aims to examine the impact of corporate sustainability characteristics on the adherence level of current company reports to the integrated reporting framework. Design/methodology/approach The sample fo...
Source Cite
Published on Jun 4, 2018in Meditari Accountancy Research
Nolin Riley Naynar (University of the Witwatersrand), Asheer Jaywant Ram1
Estimated H-index: 1
(University of the Witwatersrand),
Warren Maroun12
Estimated H-index: 12
(University of the Witwatersrand)
Purpose This paper aims to explore the emphasis placed on certain integrated reporting themes by financial services companies and stakeholders’ perception of the importance of these themes to ascertain if a perception gap exists. The study also considers if the perception gap is affected by user sophistication. Design/methodology/approach This paper uses a mixed methods approach. First, the integrated reports are analysed to construct interpretively a list of disclosure themes. The frequency of ...
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Published on Jun 18, 2018in Accounting, Auditing & Accountability Journal 2.91
Leonardo Rinaldi3
Estimated H-index: 3
(Royal Holloway, University of London),
Jeffrey Unerman24
Estimated H-index: 24
(Royal Holloway, University of London),
Charl de Villiers20
Estimated H-index: 20
(University of Pretoria)
This paper forms part of a special section “Case study insights from the implementation of integrated reporting”.
3 Citations Source Cite
Published on Jun 18, 2018in Accounting, Auditing & Accountability Journal 2.91
Gillian Vesty3
Estimated H-index: 3
(RMIT University),
Chao Ren1
Estimated H-index: 1
(RMIT University),
Sophia Ji3
Estimated H-index: 3
(RMIT University)
Purpose The purpose of this paper is to provide practical insights into a senior manager’s engagement with integrated reporting (IR). This paper theorises IR as an accounting compromise and test of worth in an Australian IR pilot organisation. Design/methodology/approach In-depth interviews with the chairman of the IR pilot organisation are analysed in the context of Boltanski and Thevenot’s (1991, 2006) economies of worth (EW). A personal narrative approach was used to privilege the voice of an...
2 Citations Source Cite
Published on Oct 1, 2018in Meditari Accountancy Research
Matteo La Torre2
Estimated H-index: 2
,
Svetlana Sabelfeld1
Estimated H-index: 1
(University of Gothenburg)
+ 2 AuthorsJohn Dumay25
Estimated H-index: 25
(Macquarie University)
Purpose Motivated by the new European Union Directive 2014/95 on non-financial and diversity information, this paper aims to develop a future research agenda to conduct pragmatic, theory-oriented research into the Directive and corporate sustainability reporting. Design/methodology/approach Drawing upon the relational dynamics between states, firms and society in regulating non-financial reporting (NFR), this essay frames and analyses the Directive and its grand theories, as unproven theories, b...
2 Citations Source Cite
Published on Jul 3, 2018in Administrative Sciences
Laura Sierra-García4
Estimated H-index: 4
,
María Antonia García Benau10
Estimated H-index: 10
,
Helena Maria Bollas-Araya1
Estimated H-index: 1
Spain is one of the European countries that is the most strongly committed to the presentation of non-financial information. In 2017, Spain adapted its legislation to Directive 2014/95/EU through Royal Decree-Law 18/2017, which required Public Interest Entities (PIEs) to provide information in accordance with the requirements of the European Union (EU) Directive, with respect to financial years from 1 January 2017. Our research is focused on Spanish IBEX-351 listed companies and seeks to identif...
2 Citations Source Cite